China Opens Door to New Zealand's a2 Milk Company

TODAY: July 22, 2014 PUB DATE: July 22, 2014

WELLINGTON, New Zealand--New Zealand dairy firms are gradually being allowed to sell baby formula in China again following a clampdown that saw hundreds of brands shut out of the market earlier this year. a2 Milk Company Ltd., which specializes in ...

China PBOC Skips Open Market Operations

TODAY: July 22, 2014 PUB DATE: July 22, 2014

SHANGHAI--China's central bank skipped Tuesday's open-market operations, likely to keep a cap on liquidity in anticipation of several initial public offering launches, participating traders said. The central bank injected a net 17 billion yuan ($2.7 billion) in last week's operation, ...

Oil Futures Extend Gains on U.S. Demand, Russia Tensions

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Eric Yep Crude-oil futures extended overnight gains in Asian trading hours Tuesday on indications of stronger U.S. oil demand and as European Union officials mull tighter sanctions against Russia. On the New York Mercantile Exchange, light, sweet crude futures ...

EU Likely to Hit Russia With Fresh Sanctions

TODAY: July 22, 2014 PUB DATE: July 22, 2014

BRUSSELS--European Union foreign-policy chief Catherine Ashton said the bloc would adopt fresh sanctions on Tuesday on those involved in destabilizing Ukraine following the suspected shooting-down of a Malaysia Airlines jetliner by pro-Russian rebels in eastern Ukraine. Speaking on her way ...

Hungary Cuts Key Rate Deeper Than Expected

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Margit Feher BUDAPEST--Bringing its easing cycle to a full two years, Hungary's central bank cut Tuesday its main interest rate deeper than expected to a new record low to help the government propel the recovery. Following the inflation index's ...

Yen Weakens Against Rivals as Geopolitical Concerns Recede

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Hiroyuki Kachi The yen weakened against its rivals in otherwise directionless Asian trade Tuesday, with investors taking a breather from geopolitical developments in eastern Ukraine and Gaza, and instead returning their focus to economic indicators coming out this week. ...

CURRENCIES: Yen Weakens Against Rivals As Global Worries Fade

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Hiroyuki Kachi The yen weakened against its rivals in otherwise directionless Asian trade Tuesday, with investors taking a breather from geopolitical developments in eastern Ukraine and Gaza, and instead returning their focus to economic indicators coming out this week. ...

Europe Markets Rise But Russia Remains In Focus

TODAY: July 22, 2014 PUB DATE: July 22, 2014

Mounting tensions between Russia and the West continued to dominate the mood across European markets Tuesday, though stocks rebounded from Monday's lows. Russia's Micex index was able to claw back some of its recent losses, rising 2.4%. The dollar-traded RTS ...

U.S. Consumer Prices Rose 0.3% in June

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Ben Leubsdorf and Sarah Portlock WASHINGTON--Consumer prices continued to rise in June but at a slower pace and driven largely by a spike in the cost of gasoline, the latest evidence of firming inflationary pressures across the U.S. economy. ...

Saab Completes Acquisition of Submarine Builder

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Dominic Chopping STOCKHOLM--Swedish defense company Saab AB (SAAB-B.SK) said Tuesday it has completed its acquisition of Swedish shipyard Thyssen Krupp Marine Systems AB (TKMS AB formerly Kockums). The business unit will be called Saab Kockums and it expects operations ...

China Opens Door to New Zealand's a2 Milk Company

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand dairy firms are gradually being allowed to sell baby formula in China again following a clampdown that saw hundreds of brands shut out of the market earlier this year. a2 Milk Company Ltd., ...

Australia's Stevens Doesn't Rule Out Another Interest-Rate Cut

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By James Glynn and David Rogers SYDNEY--Reserve Bank of Australia Gov. Glenn Stevens on Tuesday appeared to leave open the possibility of further interest-rate cuts, but said the current record-low rate was appropriate for now. During an appearance before a ...

Australia Central Bank Says Impossible to Say yet if QE a Success

TODAY: July 22, 2014 PUB DATE: July 22, 2014

SYDNEY--After years of unconventional policy making by central banks to deal with the aftermath of the global financial crisis, monetary policy is now unlikely to be used again to boost the economy of any country, Reserve Bank of Australia Governor ...

U.K. Pushes for Further Russian Sanctions

TODAY: July 22, 2014 PUB DATE: July 22, 2014

British Foreign Secretary Philip Hammond said Tuesday the European Union must go further than it has in holding Russia's responsible for the crash of a passenger plane over eastern Ukraine. "The world has changed" since last Wednesday's meeting of EU ...

ICSC/Goldman Sachs Chain Store Sales Edge Down in Latest Week

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Tess Stynes The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index eased 0.4% in the week ended Saturday from the previous week on a seasonally adjusted, comparable-store basis. "Unseasonably cool weather acted as a ...

Markets Rise But Russia In Focus--Update

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Josie Cox Mounting tensions between Russia and the West continue to dominate the mood across European markets Tuesday, although stocks are rebounding from Monday's lows. Russia's Micex index was able to claw back some of its recent losses, rising ...

UK Budget Deficit Widens in First Quarter

TODAY: July 22, 2014 PUB DATE: July 22, 2014

By Jason Douglas and Nicholas Winning LONDON--Britain's budget deficit widened in the first three months of the fiscal year as higher investment offset a small pickup in receipts, official data showed Tuesday. The Office for National Statistics said the U.K.'s ...